The Economic Times

Gold prices rebound nearly 6% today: Why is gold gaining again and is this the best time to buy the dip as gold prices eye $6,300 next?

Gold prices rebound nearly 6% today: Spot gold surged 6.2% to $4,930.10 today, reversing a historic 1983-style crash. J.P. Morgan now forecasts a $6,300 peak by late 2026. This recovery stems from massive central bank buyingprojected at 800 tonsand a weakening dollar. Institutional dip-buyers are deserting paper assets for physical bullion. While silver jumped 11%, gold remains the primary hedge against US debt. Technical floors at $4,800 suggest the $6,300 target is firmly in play.